Chinese current account
Yearend
December 29, 2023
On this final business day of 2024, U.S. stock futures are flat, the dollar is mixed, and 10-year sovereign debt yields have risen. The dollar lost 0.9% and 0.5% overnight against the Swiss franc and Chinese yuan but climbed 0.6% versus the Australian dollar, 0.4% relative to the much beleaguered Turkish lira, and 0.3% against […] More
Awaiting U.S. Jobs Data and Digesting Another Batch of PMI Results
November 3, 2023
Financial markets are marking time ahead of the U.S. Labor Dept’s October employment situation. The expectations is for a much smaller rise in jobs than in September. This month, like the last one, the ADP estimate of private sector employment pointed to tepid jobs growth. It didn’t turn out that way, but analysts doubt there […] More
Divergent Monetary Policies Lend Dollar Support
March 30, 2017
The dollar is up 0.3% against the kiwi, 0.2% relative to the euro and 0.1% vis-a-vis the yen and loonie ahead of U.S. GDP data. Federal Reserve District Presidents Williams and Rosengren, who both represent blue state areas, favor as many as four interest rate increases this year. Chicago Fed President Evans is more inclined […] More
Stocks Trade Lower ahead of U.S. Jobs Data and Amid Poor Overseas Data
May 6, 2016
Equities dropped 2.8% in China, 1.7% in Hong Kong, 0.5% in South Korea and 0.3% in Japan, which reopened for the first time since Monday. In Europe, share prices are down 1.3% in Italy, 0.8% in the U.K., 1.0% in France, 0.6% in Germany, 0.5% in Spain and 0.4% in Switzerland. The dollar advanced 1.3% […] More
